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National Grid acquires £7.8bn Western Power Distribution

National Grid acquires £7.8bn Western Power Distribution: National Grid has reported the £7.8 billion take over of Britain’s biggest electricity distribution business, Western Power Distribution (WPD). The purchase from PPL Corporation is predicted to permit the group to make a ‘strategic’ portfolio repositioning. The company also said, in the second half of this year, it…
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Norway’s Statkraft to purchase UK Solarcentury for £118m

Norway’s Statkraft to purchase UK Solarcentury for £118m: Norwegian state-owned utility Statkraft has reported the acquisition of UK solar panel manufacturer Solarcentury in a deal estimated at £118 m. The energy company will attain access to a 6GW pipeline in South America & Europe, as well as the UK, Spain, France, Greece and Italy, upholding…
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Ørsted B2B customers moved to Total Gas and Power

Ørsted B2B customers moved to Total Gas and Power: Total Gas and Power is to take over by agreement Ørsted business-to-business (B2B) portfolio of their natural gas and power customers. This action comes as the Danish energy giant aims to diminish its downstream operations and focus on owning, building and operating renewable generation assets –…
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